Consumer credit increased at a seasonally changed yearly rate of 5.7% in April and 5.3% in March. Total exceptional credit increased $23 billion throughout the month to $4.59 trillion.
Revolving credit, mostly a reflection of charge card financial obligation, increased at a yearly rate of 13.1% to $1.53 trillion in February. Non-revolving credit increased at a 3.2% yearly rate, and overall non-revolving credit is now $3.616 trillion.
Federal federal government holdings of trainee loans continue to be the biggest part of non-revolving credit, making up 31% of exceptional credit. Depository organizations and Credit unions are secondary and tertiary holders of non-revolving, with 19% and 12%, respectively, of exceptional non-revolving credit.
Read the Fed release.
